JOEONE(SH:601566)2018-04-24 16:00Financial Performance - Net profit attributable to shareholders increased by 21.37% to CNY 19,313.16 million year-on-year[7] - Operating revenue rose by 12.47% to CNY 74,692.24 million compared to the same period last year[7] - Basic earnings per share increased by 21.43% to CNY 0.34 per share[7] - Total revenue for Q1 2018 reached 73,939.18 million RMB, representing a year-on-year increase of 12.60%[39] - Net profit for Q1 2018 reached ¥193,131,577.67, representing a 21.5% increase from ¥158,846,235.11 in Q1 2017[51] - Operating revenue for Q1 2018 was CNY 660.33 million, an increase of 9.33% compared to CNY 604.03 million in Q1 2017[54] Asset Management - Total assets decreased by 2.77% to CNY 623,503.03 million compared to the end of the previous year[7] - Total current assets as of March 31, 2018, were 2,755,725,464.06 RMB, down from 2,832,343,965.44 RMB at the beginning of the year[41] - Total assets as of the end of Q1 2018 amounted to ¥5,326,046,235.04, slightly down from ¥5,364,724,432.62 at the end of the previous period[47] - Inventory decreased to ¥602,351,767.27 from ¥722,364,465.46, indicating a reduction of 16.6%[46] Cash Flow - Cash flow from operating activities increased by 1.28% to CNY 21,497.44 million compared to the previous year[7] - Cash flow from operating activities was CNY 214.97 million, slightly up from CNY 212.26 million in Q1 2017[56] - The company received CNY 43.33 million from financing activities, significantly up from CNY 11.00 million in the previous year[56] - Net cash flow from financing activities was $28,775,000, a significant increase compared to a net outflow of $3,499,537.30 in the previous period[58] Investments - The company has invested a total of 61,680.00 million RMB in bank wealth management products from its own funds, with an outstanding balance of 35,120.00 million RMB[27] - The company has allocated 9,900.00 million RMB in bank wealth management products from raised funds, with an outstanding balance of 5,000.00 million RMB[27] - Jiusheng Investment has invested 135.84 million RMB in Handu E-commerce Group, holding 7.82% of its total shares[19] - The company has committed 24,110.00 million RMB in trust wealth management products from its own funds, with an outstanding balance of 22,019.09 million RMB[27] Store Operations - The company opened 18 new stores and closed 55 stores, resulting in a total of 2,596 stores as of March 31, 2018[35] - The total area of stores decreased from 254,094 square meters to 249,935 square meters during the reporting period[36] - Revenue from direct stores was 29,298.67 million RMB, with a year-on-year increase of 12.66% and a gross margin of 66.33%[39] - Franchise stores generated 38,125.84 million RMB in revenue, reflecting an 11.60% increase year-on-year and a gross margin of 54.48%[39] Financial Health - The weighted average return on equity increased by 0.14 percentage points to 3.64%[7] - The overall financial health remains stable with a focus on maintaining positive cash flow and managing investment risks[32] - Total liabilities decreased from 1,082,692,925.54 RMB to 948,730,997.96 RMB[43] - Total equity increased to ¥4,163,933,717.42 in Q1 2018, up from ¥4,029,654,614.17 in the previous period[47] Revenue Breakdown - Online sales contributed 5,884.81 million RMB, accounting for 7.96% of total revenue, with a gross margin of 49.70%[39] - Offline sales generated 68,054.37 million RMB, making up 92.04% of total revenue, with a gross margin of 59.53%[39] - The East China region accounted for 38.38% of total revenue, with a year-on-year growth of 19.41%[39] - The South Central region contributed 23.45% of total revenue, with a year-on-year increase of 10.20%[39]